I received that offer in the mail and took it and got approved. It was my first unsecured/non-store card. I figured at that time, due to numerous inqs already, I had nothing to lose. I know that not all preapproved offers are actually that....more like bait for the hungry... :-)
Starting Score: No credit history in July 2013, 663 in August (lender pulled) Current Score: 773 (Discover FICO), 749 (DCU EQ) Ultimate goal: Buy a house in 2016!